Chandrababu Naidu’s Kin and Tollywood Actor Nandamuri Balakrishna Purchased 500 Acres Land in Amaravati: YSRCP Accuses TDP of Insider Trading

Amravati, July 30: The ruling Yuvajana Sramika Rythu Congress Party, popularly known as YSR Congress party or YSRCP, has accused Telugu Desam Party (TDP) MLA and Chandrababu Naidu’s brother-in-law Nandamuri Balakrishna for purchasing 500 acres of land in Amaravati before its declaration as Andhra Pradesh's capital. Andhra Pradesh: TDP MLA Nandamuri Balakrishna Assaults Own Party Worker at Vizianagaram Rally, Watch Video.

Chief Minister Jagan Mohan Reddy and other YSRCP leaders have been alleging that the former government resorted to insider trading to benefit their close aides and family members. Andhra Pradesh: TDP, YSRCP Leaders Clash on Portraits in Vijayawada Municipal Corporation Meeting, Watch Video.

Meanwhile, Chandrababu Naidu's son Nara Lokesh, in a tweet, has slammed the ruling party and dared the YSRCP government to prove the allegations or apologise to the people of Andhra Pradesh if it fails to do so.

"The YSRCP is behaving like opposition in spite of being in power. They are fabricating stories just to shatter the global image of Amravati that Chandrababu Naidu had established," Lokesh tweeted in Telegu.

Tweet by Nara Lokesh:

Municipal Administration and Urban Development (MAUD) Minister Botcha Satyanarayana said that the insider trading related to Amaravati region will be exposed. He also slammed Nadu's government of cheating farmers in the capital region in the name of land pooling scheme.

(The above story first appeared on LatestLY on Jul 30, 2019 01:36 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).